Certified Regulatory Compliance Manager (CRCM) — Question 68

The Equal Credit Opportunity Act (ECOA) was enacted in 1974 to prevent discrimination in credit transactions. In 1975 the act was amended. Which of the following prohibited base/s are now included in it?

Answer options

• A. National origin
• B. Exercise of rights under the Consumer Credit Protection Act
• C. Receipt of public assistance income
• D. All of these

Correct answer: D

Explanation

The correct answer is D because the amendments to the ECOA included all of the listed bases as prohibited forms of discrimination. Options A, B, and C are all specific bases that were indeed added to the list of prohibited discrimination, but selecting 'All of these' encompasses all the correct answers.